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Supervisory salaries rise by an average of eight per cent in 2012

According to an analysis by Towers Watson, the average total compensation of DAX Supervisory Board chairmen for the 2012 financial year rose an average of eight per cent, with Continental in the lead for percentage increase, followed by K + S (up 47 percent), Deutsche Post (up 27 percent) and Bayer (up 25 percent). The chairmen will earn an average of €312,000. An international comparison is difficult to make, because in Switzerland or the UK single-board systems are practised, where executive and non-executive directors sit on a single body. Over the past ten years pay has risen steadily, with a few jumps.  Two trends can be distinguished: first, the sometimes significant increase in fixed compensation, and then an increasing shift away from performance-based remuneration components.  This is the finding of the study of “Compensation in German supervisory organs 2012 - Analysis of German Prime Standard companies from 2005 to 2011”, presented for the fifth time by the magazine “Der Aufsichstrat”.